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Secondary legislation is set to simplify PAYE regulations from 6 March 2015. The change will remove the requirement for employers to complete the end-of-year checklist when making their final full payment submission (FPS) for the year from 2014/15.
The checklist comprises a box on the FPS that opens the end-of-year declaration, consisting of seven questions. This was a feature of the now defunct P35, which was incorporated into the design of the FPS.
Secondary legislation is set to simplify PAYE regulations from 6 March 2015. The change will remove the requirement for employers to complete the end-of-year checklist when making their final full payment submission (FPS) for the year from 2014/15.
The checklist comprises a box on the FPS that opens the end-of-year declaration, consisting of seven questions. This was a feature of the now defunct P35, which was incorporated into the design of the FPS.
HMRC plan to remove the need to complete the checklist, having evaluated the process with internal and external stakeholders, and PAYE regulations will be amended to remove the requirement.
Association of Tax Technicians president said Natalie Miller, said her organisation had championed the simplification for some time. “Many of the questions could not be answered correctly until after the tax year had ended, so this really did squeeze the time employers had to submit the FPS into a very short period of 14 days.
“Otherwise, it meant a further return via an employer payment summary and represented quite a burden on agents and employers under real-time information,” Miller added.
“Now freed of the requirement to answer the questions, employers should be able to file much quicker than before and avoid a backlog of submissions being made very near the deadline, which always makes an electronic system vulnerable to crashes and disruptions.”
